54 Rainey Street 617, Austin

$485,000

1 Bed
1 Bath
865 Sqft
0 Acre
1 Garage

This meticulously maintained urban condo at the Milago offers stylish living at the end of Rainey Street, with direct access to Lady Bird Lake, the hike and bike trail, and a lively array of dining and entertainment spots just steps away. This one-bedroom + study, one-bath condo showcases European plank hardwood floors, custom paint (entire condo & ceiling painted 2020), granite countertops, stainless steel appliances, a custom closet organizer, and a functional, open floor plan designed to maximize both space and comfort. Recently replaced in 2020 Rheem electric water heater and hvac. The Milago offers exceptional amenities, including a rooftop pool and hot tub with sweeping downtown views along with grills and seating, and a spacious 3rd-floor terrace outdoor seating— perfect for entertaining. Residents also enjoy 24-hour concierge service, a fitness center, a clubroom, a Wi-Fi lounge, and convenient bike storage. Recent updates include a refreshed lobby, new pool furniture, and BBQ grills. This condo blends luxury, convenience, and unbeatable location for the ultimate urban lifestyle. *Buyer to independently verify all information including but not limited to taxes, restrictions, schools, square footage, Hoa dues, year built, etc.

Essential Information
MLS® #5555368
Price$485,000
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage865
Acres0.00
Year Built2005
TypeResidential
Sub-TypeCondominium
StatusActive
Community Information
Address54 Rainey Street 617
AreaDT
SubdivisionMilago Condo Amd
CityAustin
CountyTravis
StateTX
Zip Code78701
Amenities
AmenitiesConcierge
ParkingAssigned, Garage, Secured
Garage Spaces1
ViewCity
WaterfrontNone
Has PoolYes
Utilities

Electricity Connected, Sewer Connected, Water Connected

Features

Barbecue, Bicycle Storage, Concierge, Clubhouse, Fitness Center, Internet Access, Lake, Park, Pool, Trails/Paths

Interior
InteriorTile, Wood
HeatingCentral
# of Stories1
StoriesOne
Appliances

Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Stainless Steel Appliance(s)

Exterior
Exterior FeaturesNone
Lot DescriptionNear Public Transit
RoofSee Remarks
ConstructionSee Remarks
FoundationSee Remarks
School Information
DistrictAustin ISD
ElementaryMathews
MiddleO Henry
HighAustin
Additional Information
Date ListedJune 7th, 2025
Days on Market7
Listing Details
Office Contact(512) 695-5144
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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from June 14th, 2025 at 3:00am CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

All information provided is deemed reliable but is not guaranteed and should be independently verified.